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SVB, SBF and (more) OpenAI: The 2023 chronicles, pt. 2 | TechCrunch

Dec 22, 2023 - news.bensbites.co
The article is a summary of the second part of a year-end roundup podcast by Equity, focusing on the business of startups. The podcast discusses three major events from 2023: the downfall of Silicon Valley Bank and its impact on the global tech landscape, the drama at OpenAI involving Sam Altman's removal and return, and the trial of former FTX CEO Sam Bankman-Fried for financial crimes related to his failed crypto exchange.

The podcast also features guest speakers Devin Coldewey and Jacquie Melinek to provide insights on the OpenAI situation and Bankman-Fried's trial, respectively. The first part of the year-end roundup is available for listeners who want more information. The podcast is available on multiple platforms and new episodes are released every Monday, Wednesday, and Friday at 7 a.m. PT.

Key takeaways:

  • The second part of the Equity podcast series discussed major events in the tech industry in 2023, including the downfall of Silicon Valley Bank, drama at OpenAI, and the trial of former FTX CEO Sam Bankman-Fried.
  • The downfall of Silicon Valley Bank had a significant impact on the global technology landscape, affecting venture capital, public companies, and some startups.
  • Sam Altman was temporarily removed from his role at OpenAI, but quickly returned, leading to the departure of those who wanted him out. The situation is still developing.
  • Sam Bankman-Fried, former CEO of FTX, was found guilty of various financial crimes related to his now-defunct crypto exchange.
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